InPlay Oil (TSE:IPO) PT Lowered to C$5.00 at ATB Capital

InPlay Oil (TSE:IPO – Get Rating) had its price target reduced by ATB Capital from C$5.25 to C$5.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the company. Atb Cap Markets reissued an outperform rating on shares of InPlay Oil in a research note on Tuesday, January 17th. Noble Financial reissued a buy rating and issued a C$6.00 price objective on shares of InPlay Oil in a research note on Thursday, January 19th.

InPlay Oil Price Performance

TSE:IPO opened at C$2.39 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 15.34. The business’s 50-day simple moving average is C$2.81 and its two-hundred day simple moving average is C$3.00. The stock has a market cap of C$208.29 million, a PE ratio of 1.76 and a beta of 2.69. InPlay Oil has a 52 week low of C$2.25 and a 52 week high of C$5.11.

InPlay Oil Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.015 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $0.18 dividend on an annualized basis and a yield of 7.53%. InPlay Oil’s payout ratio is 13.24%.

About InPlay Oil

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InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It primarily holds interests in the Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools.